The $1.875 billion deal follows its acquisition of Iusacell and bid to expand its presence in Mexico.
While the carrier has no plans to bring back the push-to-talk network, the Nextel brand reportedly will be attached to "premium" services aimed at business customers.
The carrier lost $2.38 billion in the quarter thanks to charges related to its wireline assets and its brand.
Most of AT&T's customer gains in the fourth quarter came from its non-smartphone business.
Sprint is offering consumers more bang for the buck with its new Family Share Pack. But will customers be able to decipher the new plan and its new promotions to really understand the value?
Dan Hesse, stepping down as chief of the US's third-largest wireless carrier after seven years, helped clear up Sprint's baggage. But the company still lacks a key essential: new subscribers.
Sprint's Hesse lists the highlights of his nearly seven-year tenure at the company.
Sprint's new CEO Marcelo Claure brings an unorthodox entrepreneurial spirit to the nation's third-largest wireless carrier.
Wireless consolidation may be taking a breather, but interest in T-Mobile appears to remain strong.
Marcelo Claure replaces Dan Hesse, who served as CEO since December 2007.